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U.S. | President-elect threatens to seize Panama Canal over high tariffs
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10 months ago
U.S. President-elect Donald Trump threatens to strip Panama of its interoceanic canal if the Central American country does not reduce the fees it charges Washington for the use of the canal. teleSUR
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And U.S. President-elect Donald Trump threatens to strip Panama of its interoceanic canal
00:05
if the Central American country does not reduce the fees it charges Washington for the use
00:09
of the canal.
00:11
Trump issued a firm threat to Panama and the administration of the canal through a statement
00:15
published on his social medias, arguing that former U.S. President Jimmy Carter gave the
00:19
canal to Panama for $1 during his term.
00:22
Through this intimidation, Trump seeks to strip Panama of the administration of this
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interoceanic waterway, considering the canal as a vital asset for the United States and
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qualifying the passage of the administration to Panamanian hands as an act of generosity
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by Washington.
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Trump also reiterated his government's interest in the operation of the Panama Canal, adding
00:40
that they would not allow it to fall into the hands of others.
00:48
For some context, it's important to note that the Panama Canal, established in 1903 through
00:53
the Hay-Bunao-Varela Treaty, was a U.S. controlled territory that existed until 1979.
00:59
Despite its strategic importance for global shipping, the canal soon became a point of
01:04
contention between the U.S. and Panama, leading to growing nationalist sentiments among Panamanians.
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The Torrijos-Carter Treaties of 1977 initiated a gradual transfer of control back to Panama,
01:16
culminating in full sovereignty by December 31, 1999.
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Today, the Panama Canal remains a crucial maritime route, having undergone expansions
01:24
to accommodate larger vessels, while continuing to play a vital role in international trade.
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